Economic Development, Social Inclusion, and Institutional Reforms Shaping Viksit Bharat@ 2047
Abstract
As India approaches its centenary of independence in 2047, the vision of Viksit Bharat seeks to transform the nation into a developed, inclusive, and globally competitive economy. This study examines India’s progress from 1991 to 2023 across three interconnected dimensions: economic growth and competitiveness, social development and inclusion, and governance strengthened through technology and institutional reforms. Using a secondary data-based research design, key indicators are analyzed through Compound Annual Growth Rate (CAGR) to assess long-term trends and structural transformations. The findings reveal sustained economic expansion, rising per capita income, and increasing foreign investment, alongside notable improvements in literacy, healthcare, sanitation, and welfare coverage. Rapid digitalization, widespread financial inclusion, and e-governance initiatives have enhanced institutional efficiency and public service delivery. While significant strides have been made, challenges remain in achieving balanced regional development, industrial competitiveness, and high-quality social services. The study underscores the importance of coordinated policy interventions integrating economic, social, and governance reforms to realize India’s aspiration of a resilient, equitable, and prosperous developed nation by 2047
Fields of Study & Subjects
Indian Economic and Social Development
Innovation and Socioeconomic Development
Sociopolitical Dynamics in Nepal
Publication details
- Journal / source
- INTERNATIONAL JOURNAL OF PROFESSIONAL STUDIES
- Volume
- 21
- Issue
- 3
- Pages
- 26–34
- Publication date
- 1 January 2026